UPDATE: H.C. Wainwright Starts Diginex Ltd. (EQOS) at Buy. $12 PT

May 5, 2021 6:10 AM EDT
Get Alerts EQOS Hot Sheet
Price: $5.01 -10.54%

Rating Summary:
    1 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 27 | New: 42
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(Updated - May 5, 2021 6:50 AM EDT)

H.C. Wainwright analyst Kevin Dede initiates coverage on Diginex Ltd. (NASDAQ: EQOS) with a Buy rating and a price target of $12.00.

The analyst commented, "We are initiating coverage of the cryptocurrency trading, management, and custody company, Diginex Limited, with a Buy rating and setting an ultra-conservative $12 price target at a rough 50% discount to the stock's recent high, a level we see as defensive, and perhaps overly so. Among the positive investment aspects we see perhaps most important is an ease-of-use, customer centric philosophy mimicking those espoused and executed by the world's leading consumer-facing product and service companies. From the design of its key trading platforms, EQUOS and Access, to the integration of its digital currency custody solutions, fused with its unique crypto asset management products, Diginex's services all lead to a one-stop-shop of crypto-based financial services targeting sophisticated mom-and-pops retail traders while enticing institutional investors. Headquartered in and operating out of Singapore, Diginex importantly leverages decades of collective managerial experience in derivative asset trading coupled to a newly designed, highly advanced, software-driven platform unique in handling volume and speed of execution within the world of cryptocurrency trading we see bringing significant advantages."

For an analyst ratings summary and ratings history on Diginex Ltd. click here. For more ratings news on Diginex Ltd. click here.

Shares of Diginex Ltd. closed at $5.63 yesterday.

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